Peloton loses $942M in one day as backlash over ‘sexist’ holiday ad sends stock tumbling nearly 10%

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Peloton lost $942million market value in a single day after its holiday advertisement sparked fierce social media backlash.    The exercise equipment company was vilified Monday over the commercial titled ‘The Gift That Gives Back’, which shows a woman receiving a stationary bike from her husband on Christmas morning. She then documents her year-long fitness journey […]

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